Mike Hout: The Social Recession

MAY 09, 2014 | 3:00 PM TO 6:00 PM

Details

WHERE:

The Graduate Center
365 Fifth Avenue

ROOM:

6112: Sociology Student Lounge

WHEN:

May 09, 2014: 3:00 PM-6:00 PM

ADMISSION:

Free

Description

Prof. Mike Hout, NYU
THE SOCIAL RECESSION:
AMERICANS' PERSONAL AND COLLECTIVE RESPONSES TO THE GREAT RECESSION, 2006-2012

The General Social Survey panels of 2006-2012 tracked Americans’ reactions to the Great Recession (officially lasting from December 2007 to March 2009) as well as to events in their personal lives. Record proportions of Americans described themselves as "lower class" in 2010. They also characterized their job prospects and children's futures in dismal terms. By 2012 they were still feeling low about the country's economic prospects but somewhat optimistic about their own job prospects and their children's futures. The GSS panel data allow us to separate the collective response from the impact of personal events. We find evidence of both. A collective negative trend added to the substantial impact of personal events like job loss and falling income.